Common use of PREPAYMENT OF OUTSTANDING DEBT Clause in Contracts

PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt of the Borrower or a Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt and (iii) accounts payable and other trade payables.

Appears in 2 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc)

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PREPAYMENT OF OUTSTANDING DEBT. PayNot pay, in whole or in part, any outstanding Debt of the Borrower Company or a Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt and Debt, (iii) accounts payable and other trade payables, and (iv) prepayment of loans under the Bank Credit Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Del Laboratories Inc), Loan Agreement (Del Laboratories Inc)

PREPAYMENT OF OUTSTANDING DEBT. Pay, in whole or in part, any outstanding Debt (other than Debt owing to the Lenders) of the a Borrower or a any Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt and (iii) accounts payable and other trade payablespayable.

Appears in 1 contract

Samples: Loan Agreement (Allied Devices Corp)

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PREPAYMENT OF OUTSTANDING DEBT. PayNot pay, in whole or in part, any outstanding Debt of the Borrower Company or a Guarantor, which by its terms is not then due and payable other than (i) Debt owing to the Lenders, (ii) Intercompany Debt Debt, (iii) Revolving Credit Loans (as defined in the Bank Credit Agreement), and (iiiiv) accounts payable and other trade payables.

Appears in 1 contract

Samples: Loan Agreement (Del Laboratories Inc)

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